Stage wise Self Margin: Stage wise payment of the self margin/self contribution is applicable only for under construction properties. However, if
you have funds, you may choose to pay your margin upfront. Also, in some cases the builder may insist that you pay your margin upfront

Two prominent options of staggered or stage wise payment of Self Margin

10:80:10 Funding

Parallel Funding

All other funding options will be a variation of these two

Let’s look at each one of them

1) 10:80:10 Funding: As the name suggests, you pay 10% at the sale agreement stage, the bank pays 80% during the construction stage and again you pay the balance 10% towards the end at the time of registration

Benefits of 10:80:10

You get sufficient time of 1/2/3 years to organize & save your balance 10% of self margin money

Drawbacks of 10:80:10

Not all builders and not all banks will give this kind of funding mechanism

Benefits of Parallel Fundings

Most banks will offer this or in some variant to this

You get reasonably enough time to organize & save your balance 10% of self margin money but not time uptill possession as you have to start contributing once the bank reaches the percentage of your initial paid contribution